Neil Collins Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06978866 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Neil Collins Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Collins

Mrs D Collins

SECRETARY:

Mrs D Collins

REGISTERED OFFICE:

30 Styal Road

Wilmslow

Cheshire

SK9 4AG

REGISTERED NUMBER:

06978866 (England and Wales)

ACCOUNTANTS:

Beauchamp Charles Chartered Accountants

145a Ashley Road

Hale

Altrincham

Cheshire

WA14 2UW

FIXED ASSETS

Tangible assets

2

6,624

8,028

CURRENT ASSETS

Stocks

72,500

30,907

Debtors

101,813

17,136

Cash at bank and in hand

4,728

2,702

179,041

50,745

CREDITORS

Amounts falling due within one year

180,516

114,340

NET CURRENT LIABILITIES

(1,475

)

(63,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,149

(55,567

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,049

(55,667

)

SHAREHOLDERS' FUNDS

5,149

(55,567

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 October 2015 and were signed on its behalf by:

N Collins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

44,592

Additions

3,222

At 31 August 2015

47,814

DEPRECIATION

At 1 September 2014

36,564

Charge for year

4,626

At 31 August 2015

41,190

NET BOOK VALUE

At 31 August 2015

6,624

At 31 August 2014

8,028

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

100

Ordinary

1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and

31 August 2014:

31.8.15

31.8.14

£

£

N Collins

Balance outstanding at start of year

7,970

-

Amounts advanced

-

7,970

Amounts repaid

(7,970

)

-

Balance outstanding at end of year

-

7,970